Insider Selling: Darling Ingredients (NYSE:DAR) CAO Sells 1,000 Shares

Darling Ingredients Inc. (NYSE:DAR) CAO Joseph Manzi sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total transaction of $67,270.00. Following the completion of the sale, the chief accounting officer owned 18,969 shares of the company’s stock, valued at $1,276,044.63. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Darling Ingredients Stock Performance

Shares of NYSE DAR traded up $0.60 during trading hours on Tuesday, hitting $68.27. 1,900,451 shares of the stock were exchanged, compared to its average volume of 2,623,093. Darling Ingredients Inc. has a one year low of $29.15 and a one year high of $68.59. The company’s 50 day moving average is $59.11 and its 200 day moving average is $57.77. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The firm has a market capitalization of $10.77 billion, a P/E ratio of 18.40 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping the consensus estimate of $1.40 by $1.01. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. On average, research analysts expect that Darling Ingredients Inc. will post 6.98 EPS for the current year.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Darling Ingredients in the second quarter valued at about $851,450,000. Deutsche Bank AG bought a new position in Darling Ingredients during the second quarter worth about $168,348,000. Norges Bank bought a new position in Darling Ingredients during the fourth quarter worth about $94,211,000. Bank of America Corp DE acquired a new stake in Darling Ingredients during the second quarter valued at approximately $129,371,000. Finally, No Street GP LP acquired a new stake in Darling Ingredients during the third quarter valued at approximately $69,458,000. Institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Scotiabank raised their target price on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Stephens increased their price objective on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, TD Cowen boosted their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus price target of $69.00.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.